Removing trade barriers that were protecting an inefficient industry will likely cause ____________________ in that industry.
A) lawsuits
B) transnational collective bargaining
C) management shifts
D) job losses

Question

Quizplus · Accepted Answer

Removing trade barriers that were protecting an inefficient industry will likely cause a decrease in demand for their goods, as consumers will be able to choose less expensive and more efficient alternatives from other countries. This decrease in demand will in turn result in job losses in that industry.

Removing Trade Barriers That Were Protecting an Inefficient Industry Will